India's Leap Towards Sustainable & Innovative Workspace Design
- Industry News
- March 13, 2024

IndiQube Spaces has guided for 30–35% revenue growth in FY26 while adding 1.5–2 million sq ft annually. With 80–85% corporate occupancy targets, Rs 180 crore capex in H1, and a strong enterprise focus, the managed workspace operator is balancing aggressive expansion with utilisation discipline.
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RMZ and Signature Global have formed a 50:50 joint venture to develop a large mixed-use project on Gurugram’s Southern Peripheral Road. With a projected capital value of Rs. 14,000–16,000 crore and 3.94 million sq ft planned, the move signals rising institutional confidence in NCR’s commercial growth story.
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Spring House Workspaces has launched a 60,000 sq ft coworking centre with 1,200 desks in Noida’s Sector 62, taking its Delhi-NCR portfolio to 25 centres and nearly 10 lakh sq ft. The expansion targets enterprises and startups amid rising demand for flexible managed offices and growing GCC activity.
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DevX has taken over a 27-storey, 8 lakh sq ft commercial tower in Ahmedabad under a 15-year development management agreement valued at ₹850 crore in rentals. The Grade A+ campus will target GCCs and enterprises, adding 8,500 seats and reinforcing the growing role of Tier-II cities in India’s office market.
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Ola has surrendered over 1.7 lakh sq ft of office space in Bengaluru, including 1.12 lakh sq ft at Prestige RMZ Star Tech and 60,000 sq ft in Electronic City, as it increases automation. The move contrasts with strong leasing momentum in Bengaluru, which led India’s office market in 2025.
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Smartworks has leased 182,300 sq ft at The Square in Andheri East, Mumbai, pushing its total portfolio in the city beyond 2 million sq ft. The expansion reflects strong enterprise demand in key business districts. Recent additions in Vikhroli and Navi Mumbai further strengthen its managed office footprint.
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